Frankfurter Sparkasse 1822

Type
Internal restructuring
Country
Germany
Region
Hessen; Darmstadt; Frankfurt am Main, Kreisfreie Stadt
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
515 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2002
Employment effect (start)
Foreseen end date
1 January 2005

Description

As a financial organization, Frankfurter Sparkasse is the largest savings bank in the State of Hesse and the fourth-largest savings bank in the Ferderal Republic of Germany. Through the Savings Bank Association of Hesse-Thuringia, Frankfurter Sparkasse is a member of the German Savings Bank Association and thus belongs to the largest financial group in the world, namely the S-Finanzgruppe. About 3,000 employees work at Frankfurter Sparkasse.

Citation

Eurofound (2002), Frankfurter Sparkasse 1822, Internal restructuring in Germany, factsheet number 59593, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/59593.